[Fluffy]

Hey guys, I’m taking my AUD exam in 5 days and wanted to know, besides the standard unmodified report, if there is any MUST or HELPFUl concept/report I should be memorizing word for word for the Audit exam.

Like financial ratios??
compliance/examinations/review reports?
agreed upon procedures?
Engagement Letters?
Management representation Letter?
TRANSACTION CYCLES?

other helpful contents?

Thanks a bunch!

[Anonymous]

You want to be familiar with the basic financial ratios – inventory turnover, receivable turnover, etc. that assist the auditor in analytical review/procedures.

[Author]

Replies